Citigroup, Alliance Are Expected
To Make Bids for Poland's Pekao

WARSAW -- Friday is the deadline for Citigroup Inc. and a consortium of UniCredito Italiano SpA and German insurer Allianz AG to submit binding offers for a majority stake in Poland's Bank Pekao SA.

The government is offering 55% of Poland's largest commercial bank, 15% of which was floated on the Warsaw Stock Exchange in June, to the two short-listed bidders. Both are expected to submit offers, said people familiar with the process....